Diversifying across different asset classes can lead to overall higher returns in the long run compared to concentrating investments in just one or a few assets. Investors who have spread investments across assets, including gold, have been handsomely rewarded this year. Data shows that the price of gold broke past the $2,300 per ounce level on April 4, a record high. In India too, the prices of the precious metal have hit an all-time high of Rs 70,248 per 10 grams.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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